Category: Asia

Wednesday, July 1, 2019

Daily Writing

9:25 PM

I haven’t written in my blog in about six months, I apologize for not keeping up with it, but I am grateful to all those who continue to stick with me in one way or another. Writing on China has started to become trickier over the past several months. I last focused on China at the height of a significant drawdown in global equities in global equities. In the following six- or seven-months markets have rallied as we have seen equities rise to new all-time highs. Global bond yields have plummeted, and even Italian bond yields are now lower than those of the United States. However, one thing that has not changed is the status of the United States and China trade talks. We still believe that a deal between the US and China will not lead to a global amelioration between the two countries. China is a theme we will continue to follow carefully moving forward.

In the meantime, stay tuned as we delve deeper into the China-centered macro themes that are growing in importance increasingly each day.